Odinsa S.A. informs that today it signed the guarantee contracts listed below, within the process of restructuring the debt in pesos of its subsidiary Concesión La Pintada S.A.S. (the “Concessionaire”), in which it has a 78.85% shareholding.
Said financial restructuring of the debt in pesos was entered into with Bancolombia S.A. and Banco Davivienda S.A, for a total value of EIGHT HUNDRED AND FORTY THOUSAND MILLION PESOS (COP 840,000,000,000).
Odinsa S.A. in its capacity as shareholder, it signed the security interest contract on the Concessionaire’s shares and the security interest contract on the subordinated debt that the Concessionaire’s shareholders have granted to it.
This restructuring will allow the Concessionaire to improve the profiling of its financial debt and pay its shareholders part of the subordinated debt.
It is important to point out that the previous year the refinancing of the dollar tranche of this 4G project had already been carried out, with the participation of important international financial entities. In addition, this refinancing in pesos has a social certification that reaffirms the Concessionaire’s commitment to all interest groups, to the development of the country and the communities near the road corridor.
The Pacífico 2 road project, which includes the road sections between Primavera-La Pintada and La Pintada-Bolombolo (construction of 96.5 kilometers) and had an investment of COP 1.3 billion, facilitates the strategic connection between the departments in the north of the country , Antioquia, the Coffee Region and the Pacific.